tv Hillary Clinton Lays Out Economic Vision CSPAN August 11, 2016 8:00pm-8:51pm EDT
>> tonight on c-span, hillary clinton outlines for economic plan at a campaign up in michigan. after her remarks, call in to express your views on the presidential race. then donald trump talk to a gathering of evangelical pastors in orlando. that is followed by our interview with near times reporter eric lipton who discusses his report on the influence of corporations on think tanks. and house democratic leaders call on congress to return from their summer recess to work on zika virus prevention. a campaign stop in warren, michigan, hillary clinton outlined her economic plan and her plan on international trade
deals that he criticizes donald trump are being pessimistic and lacking credible solutions. her remarks are 45 minutes. [cheers] >> thank you. thank you so much. i have to tell you i am thrilled to be here for a number of reasons. first, it is wonderful to be back in michigan. you can really feel the energy and dynamism that is driving this state's come back. in detroit, we have got new businesses opening, neighborhoods like midtown and eastern market are coming back. the auto industry just had it best year ever. [cheers and applause] mrs. clinton: high-tech firms
are thriving. the next generation of engineers are getting trained, and here, you are on the front lines of what i believe will be a true manufacturing renaissance in america. [applause] mrs. clinton: i just was given a short but exciting tour by mark and john who were telling me about how this company was started as and for most of its early history, was an auto supply company. then in 2000 as the market began to change and some of the auto companies began to realign, they were faced with a choice. we all face choices in life,
don't we? this company could have just said, hey, you know, our business will not be what it was. we have got to just pulled up and let's just kind of quit. but but that is not what happened here. what happened here is what happened across america. you are in now what is largely an aerospace company. [applause] mrs. clinton: and because of the workforce and the work ethic, and the commitment of the future , you are seeing the future unfold. so i got to see what is happening here, to help build the rocket that is going to go
to mars. [cheers and applause] mrs. clinton: i saw the two halves of an f 35 nosecone waiting to be put together. i talked with some of the workers about the absolute perfection required to do the work. what i believe with all my heart is what is happening here can happen is so many place as if we -- places if we put our minds to it, if we supported mass manufacturing, if we are the kind of country that once again understand how important it is to build things. we are builders who need to get back to building. [applause] so we are making progress. none none of us can be satisfied until the economic revitalization we are's being in -- seeing in some parts of
michigan reaches every community, but it is inspiring to see this combination of old-fashioned hard work and cutting-edge innovation. i know my opponents in the election was here in michigan about week ago and it was like he was in a different place. when he visited detroit on monday, he talked only of failure, poverty, and crime. he he is missing so much about what makes michigan great. [cheers and applause] and the same is true when it comes to our country. he describes america as an embarrassment. he said, and i quote, we are becoming a third world country. comes to our country. look around you, my friend. go visit with the workers building rockets.
that does not happen in third world countries. [applause] we have a lot of urgent and important work to do and that is what i will talk about today. all the people i have met throughout this campaign really prove how wrong this negative, pessimistic view is. america's best days are still ahead of us, if we make up our minds to go out and make that happen. [applause] consider our assets. we have the most dynamic, productive workforce in the world, bar none. [applause] we have the most innovative businesses, top colleges, universities, community colleges, training programs in the world, and the best science
and technology. we have enormous capacity for clean energy production to we -- production. we are resilient, determined, hard-working. there is nothing america cannot do if we do it together. i know i know this because this is how i was raised. i don't think mr. trump understand any of it. any crediblefered solutions to the very real economic challenges we face. those challenges emerged long before the great recession and they have persisted through our recovery. there is too much inequality, too little upward mobility. it it is just too hard to get ahead today. but there are common sense things your government could do that would give americans more opportunities to succeed. why don't we do it?
because powerful special interests and the tendency to put ideology ahead of political progress have led to gridlock in congress. how can you not be frustrated and angry when you see nothing getting done? a lot of people feel know what no one is on their side and no one is on their back. that is not how it is supposed to be in america. if i am fortunate enough to be your president, i have your back every single day that i serve. [cheers] my mission in the white house will be to make the economy work for everyone and not just those at the top. this is personal for me. i am the product of the american
middle class. i was born in chicago, raised in a suburb. but my grandfather worked at the scranton mill in scranton, pennsylvania for 50 years. hard, my dadrked was able to go to college and eventually start his own small business, and send me out into the world to follow my own dreams. how far those dreams up taken me, i have always remembered i the daughter of a am small business owner and the granddaughter of a factory owner and proud of both. [cheers] here is what i want, i want every american family to be able to tell the same story. if you work hard, do your part, you should be able to give your children all of the opportunities they deserve.
that is the basic bargain of america. whether we will be able to do that bargain on even better terms for the 21st century, it depends in large measure on the outcome of this election. here are four questions i hope the american people will ask of both candidates. the answers should help make your choice in november crystal clear. first, which candidate has a real plan to create good paying jobs? second, who will ensure that restore fairness to the economy and ensure that those at the top pay their fair share of taxes. [applause] third, who will really go to bat for working families and forth, who can bring people together to
deliver the results that will make a difference in your lives? [cheers and applause] now i hope that after giving a fair hearing to both sides, you will join the millions of people across our country supporting this campaign, not just democrats but a growing number of republicans and independents as well. when it comes to creating jobs, i would argue it's not even close. even conservative experts say trump's's agenda will pull our economy back into a recession. independent an analysis by former economic adviser to senator john mccain, if you add up all of the ideas from cutting taxes for the wealthy to starting a trade war with china to deporting millions
of hard-working immigrants, the result would be a loss of 3.4 million jobs. [booing] by contrast, the same analyst found that our plan, the economy would create more than 10 million new jobs. [applause] let let me tell you how we would do that. i believe every american willing to work hard should be able to find a job and decent pay back -- that can support a family. starting on day one, we will work with both parties to pass the biggest investment in new, good paying jobs, since world war two. [cheers] we will put americans to work,
building and modernizing our roads, bridges, tunnels, railways, airports. [applause] we are way overdue for this. we we are living off of the investments made by our parents and grandparents generation. we will also help cities like detroit and flint connect underserved neighborhoods to opportunity expanding affordable housing and we will prepare -- repair schools and failing water systems as well. [cheers and applause] i happen to think we should be ambitious. while we're at it, we should every household to broadband by the year 2020.
[cheers and applause] it is astonishing to me how many places in america, not way far away from cities, but in cities, and near cities, that do not have access to broadband. that disadvantages kids who are asked to do homework using the internet, 5 million of them live at homes without access to the internet. you talk about the achievement gap, it starts right there. let's build a cleaner and more resilient power grid with enough renewable energy to power every home in our country as well. [applause] some country is going to be the clean energy superpower of the 21st century and create millions of jobs and businesses.
it will probably be either china, germany or america. i wanted to be us. we should make it and use it and export the technology that we make. it will help grow our economy. and here is something you do not always hear enough of from democrats. a big part of our plan will be unleashing the power of the private sector to create more jobs at a higher pay. that means, for us, creating an infrastructure bank to get private funds off the sidelines and complement our private investment $25 billion in government funding could unlock more than $250 billion and really get our country moving on our infrastructure plan, and $10 billion in what we call make it
in america partnership to support american manufacturing and recommit research to create entire new jobs. -- and new industries. when mark and john were given me the tour i was talking to and i was talking to workers along the way and asking them were some of the precision machinery came from that is being used here, it is what i hear all over the country. germany, japan, italy. i want to bring that decision -- precision manufacturing back to the united states. there is no reason we cannot begin to make those machines ourselves and supply the rest of the world instead of buying from somewhere else. [applause] let's also expand incentives like the new market tax that is -- credit that can bring businesses, government, and
communities together to create good jobs and places that will be left out and left behind. from neglected neighborhoods flint tooit and , logging country, coal country, native american communities, rural areas, ravaged by addiction and lost jobs, to a region how about when factories closed. as president, i will also make a major push to empower small businesses and entrepreneurs. [applause] with new national initiatives to cut red tape at every level and expand and access to credit, especially through community banks and credit unions. i will propose a new plan to dramatically simplify tax filing for small businesses. [applause] right now, the smallest
businesses, the kind my dad had, a really small business, spent 20 times more per employee to prepare their taxes compared to larger companies. it should be as easy as printing out a bank statement. let's free entrepreneurs to do what they do best. innovate, grow, and higher. [applause] as mark said, this company started because of a drive down a road and thinking about it and talking about it and see one of the old oldsmobile future mx, and america if you can dream it, you should be able to build it. we will get back to doing that. [cheers and applause] now donald trump has a different view. he has made a career out of stiffing small businesses, from
atlantic city to las vegas. there are companies that were left hanging because he refused to pay their bills. a lot of those companies scraped together what they could to pay their employees, and many of them put their businesses at risk and some of them ended up taking bankruptcies. it was not because trump could because hem, it is would not pay them. that is why i take it personally. my dad ran a printing plant. he he had to really long tables. he he printed fabric for draperies. he would lay out the fabric and then would take a silkscreen and he would go down the table and put it down, take the squeegee, go across the screen, lifted up, go down, all the way at the end
and that he would start at the other table. he worked hard and then when he finished, he would load up the fabric, put it in his car, and take it to the business that had ordered it. maybe a restaurant or a hotel or some office. he expected to be paid when he showed up. he did the work. he paid for the supplies for the labor the often hired to help him on big jobs. he expected to be paid. i cannot imagine what would've happened to my father and his business if he had gotten a contract from trump. showing up and submitting his bill, and being told we are not going to pay and if you do not like it, sue us. my father could never have sued a big organization like that. i i don't understand it. i have met all kinds of workers,
painters, plumbers, i have met small businesses that provided piano's and glass and marble, all of whom were denied payment, and after going back time and again and being told, maybe we will pay you $.50 on the dollar, it is not how we do business in america. we have got to create more good jobs that are going to help more people. for example, our modern service economy is empowering consumers with more choices and greater flexibility, but we do have to empower the workers in our service sector. the people taking care of our children and our parents, they deserve a good wage and good benefits and a secure retirement. [applause] and it is crucial that every american have access to the education and skills they need to get the jobs in the future.
so we will fight to make college tuition free for the middle-class and debt free for everyone. [cheers and applause] we will also liberate millions of people who already have student debt by making it easier to refinance and repay what you incomea portion of your so you do not have to pay more than you can affordand just not -- it is just not right donald trump can ignore his debt but students and families cannot refinance their debt. here's something else that i want to emphasize. i don't think anyone in america is talking about this enough, and that is a four year degree should not be the only path to a good job in america. [cheers]
you should be able to learn a skill, practice a trade, make a good living doing it. so many americans have the talent and will to succeed, whether their kid is right at a high school or older people displaced by automation and outsourcing. for too long, big promises about the power of training and re-training have not delivered like they should. it doesn't help anyone to be trained for a job that does not exist. here is what we are going to do. we will support high-quality union training programs. we will propose new tax credits to encourage more companies to offer paid apprenticeship that let you earn while you learn. we we will do more, including a
national campaign to dignify skills training across the board. i think we have to reverse what has become a kind of commonplace view, which is everybody needs to go to college. in fact, more than half of the jobs that will be available in 2020 do not require a college for your degree. for welders and machinists and health technicians and so many others let's get the word out, , there are really good jobs for people right now, and there will be more in the future if you get the skills in high school at a , community college, apprenticeship program or other training program. [cheers] and i want to acknowledge the
great role the community college here has played in working with companies like this one to make sure people do have the skills. i imagine some of you might be thinking that all sounds good, but what about trade? after all, trump talks about it all the time. let's start with this, it is true too often passed trade deals have been sold to the american people with rosie scenarios that did not pan out. those promises now ring hollow in many communities across michigan and our country that have seen factories close and jobs disappear. companies lobbied for trade deal so they could sell product abroad but then they instead moved abroad and sold back into the united states. it is also true that china and
other countries have cheated the system for too long. enforcement, particularly during the bush administration has been too lax. investments at home that would make us more competitive have been blocked in congress. american workers and communities have paid the price. the answer is not to rant and rave or cut ourselves off from the other side of the world, the answer is to finally make trade work for us, not against us. so so my message to every worker in michigan and across america is this, i will stop any trade deal that kills jobs or holds down wages, including the transpacific partnership. [cheers] i oppose it now, i oppose it
after the election and as president. as a senator from new york, i thought to defend new york manufacturers and steelmakers from unfair chinese trading practices. i opposed the only multilateral trade deal that came before the senate while i was there because it did not meet my high bar. as as secretary of state i fought hard for american businesses to get a fair shot around the world and stop underhanded trading practices like currency ofipulation and theft intellectual property. as president i will stand up to china and anyone else who tries to take advantage of american workers and companies. [applause] and i am going to ramp up enforcement by appointing for
the first time a cheap trade prosecutor. i will triple the number of enforcement officers, and when countries break the rules, we will not hesitate to impose targeted tariffs. [cheers] now, mr. trump may talk of big game on trade but his approach -- a based on trade -- fear, not strength. fear that we cannot compete with the rest of the world, even when rules are fair. fear that our country has no choice but to hide behind walls. if team usa was as fearful as donald trump, michael phelps and simone biles would be cowering in the locker room afraid to come out to compete. [cheers]
instead, they are winning gold medals. america is not afraid to compete. right now thousands of michigan companies are exporting billions of dollars of products around the world. we want them to sell even more and create even more jobs here at home. corporations should not abandon profitable operations in the united states to move abroad just to give shareholders a quicker return. and unionsgger bonus to play. before he tweets -- [applause] about how he is really the one who will put america first and trade, let's remember where trump makes many of his own products, because it sure is not
america. [cheers] he has made trump ties in china instead of michigan. he says is not possible to make these things in america. we created a website. hillaryclinton.com/makeithere. on it we list 100 places across the united states that are already producing similar goods. one positive thing trump could do to make america great again is to actually make great things in america again. second question, which candidate will fight for fairness?
this is an urgent need. we need to grow the economy and make it fairer. the tide is not rising fast enough and certainly not listing all both. since the crash, too many of the gains have gone to the top 1%. putting short-term stock prices along long time investment in workers, equipment and research. while corporate profits are at near record high, paychecks for most people have barely budge. incomes are not growing to keep up with the cost of living. i i believe every employee to the ceo suite and factory floor contributes to a business of success. should share in the rewards. especially the putting in long hours for little pay.
credit toraging a tax shared profits with workers. more broadly, we will fight for a more progressive or patriotic tax code that puts american jobs earth. when a corporation outsources jobs in production, it could write off the cost. we must stop that and must make them pay back any tax break they ever received them any level of government in our country. [cheers] for those that move their headquarters overseas to avoid paying their fair share of taxes they will have to pay a new exit , tax. if they want go, they will have to pay to go. [cheers] wall street corporations in the super rich should finally pay
their fair share of taxes. that is why i support the so-called buffet rural. multibillionaire's should not be able to pay a lower tax rate than their secretaries. [applause] we should also add a new tax on multimillionaires. crackdown on tax gaming by corporations and close the kerry interest loophole, something i have advocated for years. -- now compare what trump says. there is a myth out there that trump will stick it to the rich and powerful, because somehow he is really on the side of the little guy. don't believe it. not when he pledges to rip up basic rules that hold corporations accountable. when he wants to scrap regulations to stop looters from
-- polluters from poisoning the air our children breathe and the water we drink. trump will roll back the tough rules we have imposed on the financial industry. i will do the opposite. i think we should strengthen those rules so wall street can never wrecked main street again. [applause] trump even wants to abolish the consumer financial protection bureau. a new agency has already returned more than $11 billion to 25 million americans who were taken advantage of by corporations. why would you get rid of that? then there is his tax plan. he would give trillions to money managers and pay corporations.
that would explode the national debt and eventually lead to massive cuts in priorities like education, health care, and environmental protection. in his speech monday he calls for any tax loophole. let's call it the trump loophole . it would allow him to pay less than half the current tax rate on income for many of his companies. he would pay a lower rate than millions of middle-class families. one nonpartisan expert at the tax policy center described this plan as a really nice deal, for donald trump. it is hard to say how nice because he refuses to do what every other candidate has been a decades and releases tax returns . [applause] but we do know the 400 richest
taxpayers in america would get an average tax cuts of more than $15 million per year from the trump loophole. then there is the estate tax, which donald trump once to eliminate altogether. if you believe he is as wealthy as he says, that alone would save the trump family $4 billion. 99.8% ofdo nothing for americans. billion taxet a $4 cut and 99.8% of americans would get nothing. just think of what we could do with those $4 billion? we could pay for more than 47,000 veterans to get a four-year college degree. we could provide a years worth of health care to nearly 3 million kids. we could fund a three-year --
years worth of federal assistance to law enforcement. i think there are a lot of better way to spend the money. on monday i will be in scranton, pennsylvania with vice president biden. he says don't tell me what you value, show me your budget and i will tell you what you value. donald trump wants to give trillions in tax breaks to people like himself. i want to invest it in veterans, police officers, and so much more. you can then draw your own conclusion about values. us haveue that both of proposed to cut taxes for middle-class families. he is making a big promise, but his advisers have said, he may not stand by them. the tax cuts he doubled down on offer trillions to the richest
americans and corporations. what are the differences between donald trump and me? i am telling what i will do come laying out my plan, and i will stand by them, and want to you to hold me accountable for delivering results. [applause] this reminds me of the old saying, if it sounds too good to be true, it probably is. that brings us to the third question, which candidate can can you count on to go to bat for workers and working families? it is not enough to pay lip service to be on your side. we we have to recognize how americans actually live and work in the 21st century and then offer real solutions that make your lives easier. we know women are now the sole or primary breadwinner in a growing number of families.
we know that more americans are cobbling together part-time work or striking out on their own, so we have to make it easier to be good workers and caregivers all at the same time. that is why i have set out a bold vision to make quality, affordable childcare available to all americans and limit the cost to 10% of family income. on [applause] on monday trump offered his first real idea on this topic. previously he dismissed ideas about childcare. he said it was not an expensive thing because you just need some blocks and some swings. now he said he wants to exclude childcare payments from taxation. panned from the left, right and center because it transparently is designed for people. like him. -- rich people like him.
he would give wealthy families 30 or $.40 on the dollar for their nannies and little or nothing for millions of hard-working families trying to afford childcare so they can get to work and keep the job. [applause] i think instead we should expand the child tax credit to provide real relief to tens of millions of americans working and traveling with the cost of raising tamlyn -- children. the same family that his plan ignores. the more we do to help working families, the more the entire economy will benefit. guaranteeing equal pay will not just increased paychecks for women, it will boost family budgets and yet incomes rising across the board. [applause] i don't understand why trump is against that. paid family leave will only make
-- not only make life easier for moms and dads it will keep , skilled, talented americans in the workforce and grow our economy. that is why every other advance economy already has it. raising the federal minimum wage will not just put more money in the pockets of low income families, it means they will spend more at the businesses in their neighborhood. [applause] this is something that even the original automakers understood way back at the beginning of the 20th century when they decided to pay the unbelievable sum of five dollars per day to auto workers. and when they were criticized by other businesses, they have the -- had the best answer, we want people to be able to buy our cars. this is economics 101. we need to get incomes and wages
rising, and it will help the whole economy grow and be fairer. [applause] and protecting and expanding social security does not just help older americans retire with dignity, it helps to ease burdens on families and communities. i often think the same thing about comprehensive immigration reform. we already have millions of people working in the economy and paying 12 billion per year to social security, even though they are undocumented. by moving toward reform, we will unleash a lot of new income and growth and level the playing field so american workers cannot be taken advantage of because undocumented workers can be exploited by employers which is one of the reasons we have this disconnect. [applause] finally, strengthening unions
does not just serve members, it leads to better pay and benefits and working conditions for all employees. [applause] so i have also set i will defend and improve the affordable care act. that includes giving americans in every state the choice of a public option health insurance plan. that will help everyone afford coverage. it will strengthen competition and drive down costs. these are all causes i have worked on for decades, and i believe they point to a fundamental truth about the economy. it can seem like zero sum when you are competing for a job, promotion, or contract if someone wins and loses, but that is not the full picture. if you step back, you can see we are all in this together. if we
if we can grow together, we can all rise together. you know what i like to say, we are all stronger together. the fourth question is this, who can bring people together to get any any of this done? while i believe i can because i think i can provide serious, steady leadership that can find common ground to and on it based upon hard but respectful bargaining with the other side. leadership that rises above personal attacks and name-calling, not revels in it. [applause] i just do not think insults and bullying is how we are to get things done. i do not think that is the appropriate approach for us. i notice hard to imagine, but there was a time when democrats and republicans actually work
together. i know that is true. i did it as first lady and senator and secretary of state. it is how we created the health insurance program. it is how we rebuilt 9/11 -- new york after 9/11. i am convinced based on my spirits that we can do this. one of the reasons i asked tim kaine to be my running mate is he also has a record of working across the aisle to get things done as a mayor, governor, and senator. we will get everyone at the table, not just republicans and democrats. but businesses and labor unions, academics and experts. but most importantly, american psychology. like all of you.
i think there are a lot of great ideas in america and i want you to have a say in your government and that means we need to get unaccountable money out of politics over citizens united and expand voting rights, not restrict them. intend starting before the election to bring together leaders from across our economy from a lot of different places , to talk about jobs and competitiveness. we need the best ideas that are out there making a difference. we need to pull together. the bottom line is this i am , running for president to build an economy that works for everyone, not just those at the top. [applause] based on what we know from the trunk campaign, he wants
americans to work for him and his friends at the top. he has he has offered nothing on student loans of the cost of description drugs, nothing for farmers or struggling rural communities. nothing to build a new future with clean energy and advance agriculture. nothing for the cities to overcome the barriers of systemic racism. nothing to great new opportunities for young people. just a more extreme version of the failed theory of trickle down economics with his own addition of outlandish trump ideas that even republicans reject. [applause] as we heard him say at his convention, he believes that he alone can fix our country, but clearly he does not know the people of michigan.
he does not see the businesses and labor unions, local government and clergy coming together every single day to make things better. yes, there is still a long road ahead but michigan is on the , rise, and everyone is contributing. that is america at its best. i i hope you will work together to create jobs and strengthen its -- your own creative. i hope you will work to get out the vote in november. because if we are able to win, then i want you all to work with me. build the kind of progress in america deserve to see. we will do this together. we are stronger together. let's go out and build the future. [applause] thank you, all and god bless you. [cheers]
♪ democratic presidential nominee in war and michigan -- warren, michigan talking about her economic policies and criticizing her opponent, donald trump whom you will hear from and about 15 minutes or so here on c-span. mr. trump in florida today speaking to a group of evangelical pastors. we will have his remarks for you as well as i read to the white house coverage continues on c-span. we would like to get your thoughts, the numbers on your screen. your comments and reaction to what you heard from hillary clinton on her economic policy. if you support mrs. clinton, the first number. donald trump, that number. and if you support someone else or not sure, this number.
you can tweet us, of course. or leave a comment on our facebook page. donald trump taking a -- making it that of economic news adding some numbers to his economic advisor team. writing, from politico trump as diversity to economic advisor list and more big donors. more than half of the 90 members of trump economic council introduced thursday have financial ties to the candidate or gop. donald trump added 90 people including eight women to us economic council, more than half the additions have either given him money or pledge to help raise campaign cash for him in the republican party. one new addition, hedge fund manager could treated $100,000 to donald trump joint fundraising committee with the gop.